Pepperstone, a UK and Australia-regulated forex broker, has become the latest to adopt the Paydentity and ISXPay services for faster customer onboarding and enhanced due diligience, as well as better risk avoidance and management for card processing and payments.
Paydentity is developed by the Australian company iSignthis. It is an automated identity and payments platform incorporating real time remote verification of end users that covers some of the most stringent KYC and anti-money laundering requirements. For customers in Europe or other countries where independent and reliable databases like the ones in Australia and the UK are not available, Paydentity provides access to over 3.5 billion “bank verified” potential customers.
ISXPay, also developed by iSignthis, on the other hand, provides a full range of gateway and risk management processing services for card transactions.
iSignthis is a developer of identity proofing. The ISXPay identity and payments solution is an EU licensed eMoney Monetary Financial Institution by the Central Bank of Cyprus and a payment facilitator partner of the National Australia Bank.
Pepperstone, set up in 2010, is based in Australia’s Melbourbe, but also operates offices in US’ Dallas, UK’s London, China’s Shanghai, and Thailand’s Bangkok. It falls under the regulation of the Australian Securities and Investment Commission (ASIC) and the UK Financial Conduct Authority (FCA). The broker offers trading in currencies, precious metals, energies, soft commodities, and index contracts for difference (CFDs). It operates with retail and institutional clients in more than 65 countries globally.
Pepperstone is the latest forex broker to deploy the KYC and payment solutions developed by iSignthis. Most recently another FCA-regulated broker, XM, did as well. Other brokers using this software are IronFX and iForex.